CN Reaches New Tentative Collective Agreement with IBEW
CN (TSX: CNR) (NYSE: CNI) has announced reaching a new tentative four-year collective agreement with the International Brotherhood of Electric Workers (IBEW). The agreement covers approximately 750 Signals and Communication employees across Canada. The previous collective agreement expired on December 31, 2024. Details of the new agreement will remain confidential until ratification.
CN (TSX: CNR) (NYSE: CNI) ha annunciato di aver raggiunto un nuovo accordo collettivo provvisorio di quattro anni con la Fratellanza Internazionale dei Lavoratori Elettrici (IBEW). L'accordo interessa circa 750 dipendenti del Settore Segnali e Comunicazione in tutta Canada. Il precedente accordo collettivo è scaduto il 31 dicembre 2024. I dettagli del nuovo accordo rimarranno riservati fino alla ratifica.
CN (TSX: CNR) (NYSE: CNI) ha anunciado que ha alcanzado un nuevo acuerdo colectivo provisional de cuatro años con la Hermandad Internacional de Trabajadores Eléctricos (IBEW). El acuerdo abarca aproximadamente a 750 empleados de Señales y Comunicaciones en toda Canadá. El acuerdo colectivo anterior expiró el 31 de diciembre de 2024. Los detalles del nuevo acuerdo se mantendrán confidenciales hasta su ratificación.
CN (TSX: CNR) (NYSE: CNI)는 국제 전기 노동자 형제회(IBEW)와 4년 임시 단체협약을 체결했다고 발표했습니다. 이 협약은 캐나다 전역의 750명의 신호 및 통신 직원을 대상으로 합니다. 이전 단체협약은 2024년 12월 31일에 만료되었습니다. 새로운 협약의 세부사항은 비공식적으로 유지될 것입니다.
CN (TSX: CNR) (NYSE: CNI) a annoncé avoir atteint un nouvel accord collectif provisoire de quatre ans avec la Fraternité internationale des travailleurs électriciens (IBEW). L'accord concerne environ 750 employés des Signaux et Communications à travers le Canada. L'accord collectif précédent a expiré le 31 décembre 2024. Les détails du nouvel accord resteront confidentiels jusqu'à sa ratification.
CN (TSX: CNR) (NYSE: CNI) hat bekannt gegeben, dass ein neues vorläufiges vierjähriges Tarifabkommen mit der International Brotherhood of Electric Workers (IBEW) erreicht wurde. Das Abkommen umfasst ungefähr 750 Mitarbeiter im Bereich Signale und Kommunikation in ganz Kanada. Das vorherige Tarifabkommen lief am 31. Dezember 2024 aus. Die Einzelheiten des neuen Abkommens bleiben bis zur Genehmigung vertraulich.
- Successful negotiation of a new four-year labor agreement, ensuring workforce stability
- Agreement reached without work disruption or operational impact
- None.
Insights
The new tentative agreement with IBEW marks a significant operational milestone for CN, particularly given the critical nature of Signals and Communications personnel in modern railway operations. These 750 specialized workers are responsible for maintaining the complex network of signals, switches and communication systems that ensure safe and efficient train movements across CN's extensive Canadian network.
The successful negotiation of a four-year agreement demonstrates CN's continued effectiveness in labor relations management, especially noteworthy in the current environment where several North American railroads have faced challenging labor negotiations. The swift conclusion of talks, just weeks after the previous contract's expiration, helps maintain operational continuity and prevents potential service disruptions that could impact CN's reliability metrics and customer relationships.
While financial terms remain undisclosed pending ratification, this agreement likely includes provisions addressing both wage adjustments and evolving technological requirements, as railway systems become increasingly digitized. The four-year duration provides CN with important medium-term cost visibility and operational stability, important for long-term planning and investment decisions.
This development positively reflects on CN's labor relations strategy and its ability to maintain constructive relationships with its workforce, a key differentiator in the highly competitive North American railway sector. The agreement's timing and duration should reassure investors about CN's operational stability and cost predictability through 2028.
MONTREAL, Jan. 28, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that a new tentative four-year collective agreement has been reached with International Brotherhood of Electric Workers (IBEW). The union represents approximately 750 Signals and Communication employees at CN across Canada.
No details of the tentative agreement will be released publicly until the agreement is ratified. The current collective agreement with IBEW expired on December 31, 2024.
About CN
CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada’s Eastern and Western coasts with the U.S. Midwest and the Gulf of Mexico, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.
| Contacts: | |
| Media | Investment Community |
| Ashley Michnowski | Stacy Alderson |
| Senior Manager | Assistant Vice-President |
| Media Relations | Investor Relations |
| (438) 596-4329 | (514) 399-0052 |
| media@cn.ca | investor.relations@cn.ca |
FAQ
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